Greentech Metals (ASX:GRE) shows form at Whundo
GreenTech Metals has moved closer to defining the scale of its copper-zinc resource at the Company’s promising Whundo Cu-Zn project near Whim Creek in Western Australia’s West Pilbara.
Close to 850 meters of follow-up RC drilling at the Austin and Shelby targets confirm associated copper mineralisation.
At Shelby, combined intercepts of 13m of copper sulphide-bearing mineralisation within a 15m zone from 417m in 22GTRC034 (assay results pending), favourable with 11.25m @ 1.6% Cu from 391.25m in nearby historic hole SHDD016.
Meanwhile, Austin returned 5m of copper sulphide mineralisation from 217m in 22GTRC033.
“This has been an important follow-up drill program for the Company, which represents the first steps in investigating the large conductive anomalies that define the Whundo project, particularly our high-priority Shelby and Austin targets, both of which have the potential to grow the Whundo project resources significantly, Executive Director Thomas Reddicliffe said.
“Shelby is a very exciting target as we have a large underexplored conductive anomaly which is now confirmed to be host to a persistent and prospective mineralised zone”.
Price Action
The Company’s ASX-listed shares are 15c at Market Open.
Next Steps
The drill program has collected 258 drill samples dispatched to Australian Laboratory Services (ALS) in Perth, with results to be reported in due course.
About the follow-up programme
Topdrill commenced drilling on 31 October 2022 and undertook an RC drill program that comprised three holes for 852 metres. This program was primarily designed to advance the investigation of the “Austin” and “Shelby” prospects which are both large conductive centres and represent a significant portion of the Whundo conductive footprint. A third hole was drilled to validate a historical spatially isolated mineralised drill interval.
About GreenTech Metals Limited
The Company is an exploration and development company primarily established to discover, develop, and acquire Australian and overseas projects containing minerals and metals used in the battery storage and electric vehicle sectors. The Company’s founding projects are focused on the underexplored nickel, copper and cobalt in the West Pilbara and Fraser Range Provinces.
The green energy transition currently underway will require a substantial increase in the supply of these minerals and metals for the electrification of the global vehicle fleet and the massive investment in the electrical grid, renewable energy infrastructure and storage.